Online Term Plan Plus
  • 3D Benefit
  • Life Cover Upto Age 85
  • 40 Critical Illness Covered
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Max Life Online Term Plan Plus

Max Life Online Term Plan Plus is a pure protection plan that offers the privilege to the policyholder to buy the plan online. Unlike other traditional plans, this policy allows an individual to compare, analyse, and buy the plan from the convince of their own home, this saves time. Max online plan eliminates the service middleman or agent hence the premiums are lower and the terms and conditions are transparent. The company offers a swift and secure buying process with 40 critical illnesses covered under this policy. The plan offers life coverage of 85 years and death benefits, upgradation of the life cover at any stage of life, and a maximum sum assured of 1 Crore. Now let us explore the plan in detail through this article.

Eligibility Table Max Online Term Plan Plus

The insured has to fulfill the following eligibility criteria to buy this plan:

Criteria Specifications
Entry Age (Age on Last Birthday) Minimum Age: 18 Years
Maximum Age: 60 Years/Pay Till 60-50 Years
Maximum Maturity Age (Age on Last Birthday) 85 Years
City Of Residence In 353 Cities in India
Nationality For NRIs in selected countries
NRI can connect by writing at
Policy Term Base Plan - Choose a Term from 10- 50 Years (in intervals of 1 year), subject to Maximum Maturity Age
Critical Illness - Choose a term from 10-40 Years. However, if you have selected the 'Pay till 60 options' the policy term for CI benefit will be restricted to the Premium payment term only.
Sum Assured Base Plan:
Minimum - Rs 25 Lakh
Maximum - Rs 100 Crore
The Sum Assured must be in multiples of 1 lakh.
Premium Payment Modes Annual/Semi-Annual/Quarterly/Monthly
Minimum: Rs 2200 (RP)
Maximum: Rs 2,18,44,600 (Pay Till 60)
Premium Payment Term There are two premium payment variants available:
Regular Pay
Pay Till 60

Max Life Online Term Plan Plus Features and Benefits

The plan offers a plethora of benefits, that are mentioned below:

  • 3D Benefit- Cover Against Death, Disability, Disease

    The company will provide a lump sum payout in case of the death of the policyholder. Additionally, the plan will provide coverage against disability and 40 critical illnesses.
  • Rider

    The plan offers additional coverage under the name of riders. Here are the names of the riders that are offered by the plan:
    • Accident Benefit Rider: If an accident results in the death of the policyholder, the company will pay a lump sum amount to the nominee.
    • Waiver of Premium: In case the policyholder is diagnosed with any critical illness, all future premiums will be waived.
  • Pay Till Age 60 and Get Life Cover Upto Age 85

    If the insured chooses to pay a premium until your working years (Till Age 60) or till retirement, the plan will provide coverage until the age of 85 years.
  • Increase Cover at Different Stages of Life

    The policyholder can increase their life cover. For Example, if the insured is married, or have children, or takes a home loan, the policy offers a privilege to increase the life cover.

Max Life Online Term Plan Plus Benefit

  • Death Benefit

    In case of the unfortunate demise of the policyholder, the company will provide a lump sum payout of up to 100% of the Sum Assured.
  • Accelerated Critical Illness Option

    If the insured is diagnosed with any of the 40 Critical illnesses mentioned in the list, the company will offer a lump sum payment. The payment will be offered in the following two ways:
    Upto 50% Of Total Premium Paid
    50 Lakh, whichever is less.
  • Tax Benefit

    If a person buys the plan they are eligible for tax exemption under section 80(C) of the tax laws.

Exclusions of Max Life Online Term Plan Plus

Exclusions of the policy are mentioned below:

  • Maturity Benefit

    The plan does not provide any maturity benefit.
  • Surrender Benefit

    If the policyholder decides to drop the plan in the middle, they will get no surrender benefit for this plan.

How Does Max's Online Term-Plan Plus Work

Let us understand this with an example:

Miss Suman is 35 years of age and bought the Max Plan Plus for his husband and her daughter. Unfortunately, she passed at the age of 38.

Now, Suman's husband or daughter will contact the company and raise the claim. The pan will offer a lump sum p payout of Rs 1 Crore, which is tax exempted as well.


Max Life Term Online Plan Plus is an online plan that offers coverage against 40 critical illnesses and a high sum assured of 100 crore. The policyholder can upgrade the plan coverage at any stage of their life, the insured can pay the premium up to the age of 60 and can enjoy the plan benefit up to the age of 85. So, overall we can say that this plan makes the buying and comparing process easy as they are available online.

Max Life Online Term Plan Plus: FAQ's

1. Does Max's term online plan offer coverage against pre-existing diseases?

No, the plan does not offer any pre-existing cover.

2. What is the grace period offered by the plan?

The plan offers a grace period of 15 days.

3. Does this plan offer any rider benefits?

Max online term plan offers rider benefits. The plan offers two riders and they are as follows:

  1. Waiver of Premium
  2. Accident Benefit Rider

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Priya Singh

Written By: Priya Singh

Priya has been in the content writing industry for over 8 years. She has been religiously following the insurance sector since the start of her career which makes her an avid insurance expert. Her forte lies in health, term, and life insurance writing, along with her knowledge of the latest developments in the insurance sector.